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Gov’t review could save two-thirds on PPPs

Expenditures on public private partnerships (PPPs) could fall by two-thirds as a result of a government review of all such projects, daily Magyar Hírlap said.

There are about a hundred ongoing PPPs in Hungary worth some HUF 3,000 billion. The review and the expected restructuring or breaking of contracts could save as much as HUF 2,000 billion in the long term, the paper said.

Prime Minister Viktor Orbán announced in the autumn that the government would immediately suspend PPPs and review ongoing investments made under such schemes. Private interests have squeezed out public interests in PPPs, he said.

An audit of PPPs by independent experts is to determine the real value of the investments by the end of March.